• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
 
  • Home
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About Us
  • Contact Us

Vitruvi Software To Be Acquired By Bow River Capital

July 19, 2023 by Newsdesk Leave a Comment

Calgary’s Vitruvi Software has been acquired by the Software Growth Equity Team of Bow River Capital, a Denver-based alternative asset manager.

Spun out of Fresnel Software in 2016, Vitruvi is a GIS enabled construction software platform that drive efficiencies, increases data visibility and reduces costs in the network, power and utility sectors.

Last year Vitruvi was named a Company-to-Watch as part of Deloitte’s Technology Fast 50 award, a category that highlights emerging Canadian tech companies that exhibit strong growth and show potential to be a future candidate of the Technology Fast 50 ranking.

Vitruvi’s team and current management will stay on and lead Vitruvi, which will continue to operate as a standalone business with guidance from Bow River. The strategic move is set to fuel Vitruvi’s expansion plans and foster continued innovation in its product offerings.

“We are thrilled to join forces with Bow River Capital and embark on the next chapter of Vitruvi Software’s journey,” said Bryan McIver, CEO of Vitruvi Software.

“This partnership will provide us with the necessary capital and resources to further enhance our software solution and solidify our position as product leader in digital construction management for geospatial projects.”

Bow River Capital’s extensive experience in the tech sector and their history of partnering with innovative software companies make them a great partner for Vitruvi Software. The investment firm’s strategic guidance and financial backing is designed to enable Vitruvi Software to seek to accelerate product development, pursue new market opportunities, and enhance customer experience.

“Vitruvi Software has demonstrated exceptional platform capabilities, an intimate understanding of the digitization of geospatial construction management, combined with a high growth trajectory,” stated Steve Joanis, Managing Director at Bow River Capital.

“We are excited to collaborate with the talented team at Vitruvi Software and provide them with the necessary resources to drive their vision forward. Together, we will endeavor to unlock new avenues for growth and solidify Vitruvi Software’s position as a leading software provider for utility construction.”

Filed Under: News Tagged With: Vitruvi

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Community Partners

Bulletin Board

Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Startup Grind Calgary is hosting LinkedIn … [Read More...] about Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Learn the Basics of Tech Startups with Platform’s Startup 101

If you’re an aspiring entrepreneur, have a … [Read More...] about Learn the Basics of Tech Startups with Platform’s Startup 101

Foresight 50 Applications Open Until June 30th

Foresight Canada is now accepting applications for … [Read More...] about Foresight 50 Applications Open Until June 30th

Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

A select group of senior executives from Alberta’s … [Read More...] about Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Calgary business leaders are invited to a special … [Read More...] about WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Decoder.ca · Fintech.ca · CleanEnergy.ca | Privacy